Archive for August, 2013

EURUSD and GBPUSD Technical Outlook 9.1

by Christopher Lemieuxon August 31, 2013 3:17 pm GMT
The dollar index has had a monster week gaining almost $2 in Thursday and Friday’s session regardless of poor data coming out of the U.S. as uncertainty over Syria goes into the weekend. The eurodollar had a rough outing breaking 1.32 and continuing to a low of 1.3173 before rebounding, closing at 1.3217. The market […]

Yen and Crude Take a Breather As Uncertainty About Syria Lingers

by Christopher Lemieuxon August 29, 2013 3:19 am GMT
Risk sentiment returned today after a massive decline in the markets yesterday as uncertainty about the U.S. involvement in the Syrian conflict linger. Yen paired back, typically seen as a safe haven currency, its three week high. The yen is up in tonight’s Asian session as the financial markets are on edge over potential multi-national […]

Eurodollar Falls On Stellar German Data

by Christopher Lemieuxon August 27, 2013 9:08 am GMT
The German IFO business confidence expanded to a 16-month high of 107.5 in August as Germany continues to move forward with economic expansion. The eurozone’s largest economy’s boosted sentiment was slightly higher than the 107.1 forecast, according to the Ifo, a German research company. This was also 1.3 points higher than July’s reading. Moreover, the […]

Horrendous Core Durable Goods Figure Good for Equities?

by Christopher Lemieuxon August 26, 2013 8:04 pm GMT
The U.S. durable goods numbers were horrible, yet equities and the dollar rallied on what was the worst durable goods figure in almost a year. Why? Because the market knows, or at least believes, there will not be a Federal Reserve taper any time soon. In today’s market, full of easy, sleazy money, good economic […]